asterisk2a + philip   83

'Put that down, cancel that': the Guardian tracks Philip Green to Monaco | Business | The Guardian
Philip Green
another big employer with a nearly a billion-pound pension deficit, which might mean the gov had to bail the scheme out.

https://www.theguardian.com/business/2019/may/23/philip-greens-retail-rescue-plan-torpedoed-by-pension-watchdog - Philip Green's retail rescue plan at risk over pension scheme

24hrs later - 60 stores close incl USA, less pension contribution, less pension payout, lowered rents for existing stores, still to be agreed.
- restructuring
https://www.bbc.co.uk/news/business-48406854
Philip  Green  Arcadia  1%  tax  evasion  avoidance  Retail  crisis  highstreet  pension  deficit  bailout  scheme  greed  plutocracy  DonaldTrump  Donald  Trump  Brexit  oligarchy  Aristocracy  inequality  poverty  trap  minimum  wage  working  poor 
12 weeks ago by asterisk2a
Jeremy Hunt orders NHS England bosses to stick to waiting time limits | Society | The Guardian
Jeremy Hunt orders NHS England bosses to stick to waiting time limits
Health secretary swiftly rejects service chiefs’ public warning that meeting targets is impossible with current funding [...] In an unprecedented move reflecting a widening gulf with the government, NHS England used its board meeting to warn that it had to make “difficult choices” next year that would involve limiting what it could provide for patients. [ only providing basics life saving treatments - not life improvement treatments (elective surgery) ] [...] NHS England has also said it is unable to implement best practice as advised by Nice on a routine basis – an extraordinary state of affairs. We have now reached a point where the NHS constitution will be routinely breached and NHS services are being withdrawn.”
NHS  Jeremy  Hunt  Simon  Stevens  Philip  Hammond  Theresa  May  budget2017  rationing  treatment  delay  waiting  times  CVD  Cancer  A&E  diabetes  overweight  obesity  chronic  sick  population  ageing  premature  demographic  bubble  sickcare  demand  healthcare  CCG  CEP  STP  GP  elective  surgery  OAP  disabled  bedblocking  bed  blocking  Council  Austerity  adult  social  care  elderly  NICE  patient  safety  CQC  mental  health 
november 2017 by asterisk2a
Budget 2017: NHS trusts given extra £350m for entire winter, despite Brexit bus promising £350m a week | The Independent
Budget had also nothing on social care! -
http://www.bbc.co.uk/news/health-42065767 &! http://www.bbc.co.uk/news/uk-england-norfolk-42096941 begging patients &! http://www.bbc.co.uk/news/health-42082602 more rationing and restrictions in the books by CCGs eg physical rehabilitation services could be cut. http://www.dailymail.co.uk/health/article-5112803/NHS-prepares-ration-painkillers-routine-operations.html &! https://www.thesun.co.uk/news/4978787/cuts-to-patient-services-feared-after-budget/ // The NHS is getting £1.6bn in extra funding next year, less than half asked for by the NHS to keep the service running //&! https://www.gponline.com/gps-ignored-2017-budget-nhs-england-hints-cuts-services/article/1450955 - GP leaders hit out at chancellor Philip Hammond for ignoring general practice in his 2017 budget, as NHS England officials hinted that a 'disappointing' £2.8bn funding hike for the health service could force cuts. //&! http://www.gazette-news.co.uk/news/national/15676761.Budget_2017__Additional_funds_for_NHS_will_not_plug_gap__Sir_Bruce_Keogh_says/ - the NHS “can no longer avoid the difficult debate” on what can be provided by the health service on the funds it is operating on. //&! https://www.theguardian.com/society/2017/nov/23/conservatives-will-break-nhs-funding-pledge-labour-claims - An analysis carried out for Labour by the House of Commons library shows that despite the chancellor, Philip Hammond, announcing an extra £2.8bn in day-to-day funding, real-terms funding per head is set to fall in 2018-19, and remain flat for two years after that.
NHS  winter  crisis  budget2017  GP  A&E  Austerity  CEP  STP  sickcare  demand  healthcare  chronic  sick  population  ageing  demographic  bubble  Cancer  CVD  diabetes  obesity  overweight  England  waiting  time  treatment  delay  rationing  mental  health  locum  staff  Nurses  hiring  paycap  Doctors  Junior  recruitment  stress  burnout  sickleave  Philip  Hammond  Theresa  May  Council  bed  blocking  bedblocking  adult  social  elderly  care  Disabled  Privatisation  Simon  Stevens  Jeremy  Hunt 
november 2017 by asterisk2a
Budget 2017: Stagnant earnings forecast 'astonishing' - BBC News
real wages in aggregate to continue to stagnate fall eaten up by inflation. Does NOT help serving current debt levels. // The prediction that average UK earnings in 2022 could still be less than in 2008 is "astonishing", according to an independent economic think tank. // 'Adair Turner: neoliberalism not raising all boats'
secular  stagnation  productivity  inflation  Brexit  budget2017  paysqueeze  IFS  ONS  OBR  Philip  Hammond  skill  gap  output  wage  income  growth  disposable  discretionary  spending  debt  BOE  Mark  Carney  underinvestment  ZIRP  NIRP  QE  education  policy  college  GDP  Capitalism  GFC  recovery  neoliberal  neoliberalism  globalisation  globalization 
november 2017 by asterisk2a
NHS Budget plan not enough, say bosses - BBC News
NHS Bosses Simon Stevens and Health Improvement have asked for 4bn more each year to meet targets again // Traditionally the health budget has got an extra 4% a year above inflation to help it cope with the ageing population and cost of new drugs and treatments.
Since 2010 that figure has dropped to close to 1% - and this extra money does little to improve that.
Those working in accident and emergency units point out that the £350m for this winter could easily be swallowed up by spending on agency staff.
It is why staff on the front line are still predicting rising waiting times for treatment.
NHS  Simon  Stevens  Philip  Hammond  budget2017  Austerity  sickcare  demand  winter  crisis  STP  CEP  rationing  waiting  times  treatment  delay  A&E  GP  staff  locum  Nurses  Doctors  Junior  recruitment  hiring  retention  Brexit  bedblocking  bed  blocking  Council  elderly  care  adult  social  healthcare  demographic  bubble  chronic  sick  population  ageing  CVD  Cancer  diabetes  obesity  overweight 
november 2017 by asterisk2a
NHS battle for money: Where will it end? - BBC News
[ Simon Stevens could walk away, creating a new crate for May's government, as BOE Mark Carney did not extend his BOE gov role beyond Brexit ] If there is a significant financial settlement for the NHS in England, Mr Stevens can claim vindication for his strategy.
But if there isn't, he is faced with a difficult choice - either soldier on with a service under great strain and his five-year plan objectives under threat, or walk away.
He will be well aware of the risk he has taken with his speech.
But perhaps he is ready to go if he has to, arguing that at least he tried to get the NHS the money it needed. &! https://www.youtube.com/watch?v=wXlTwgfL6tU - Head of NHS England demands more money (Channel 4 News) &! One short picture of the winter crisis last time around 16/17 - https://www.youtube.com/watch?v=TNu3O3Pqebk &! 13/14 - https://www.youtube.com/watch?v=qGulU83N6Gc
NHS  Austerity  Simon  Stevens  Crisis  winter  Theresa  May  Philip  Hammond  Jeremy  Hunt  CEP  STP  CCG  rationing  waiting  times  treatment  delay  GP  A&E  bedblocking  bed  blocking  Council  adult  social  care  elderly  sickcare  demand  healthcare  chronic  sick  population  Cancer  CVD  diabetes  overweight  obesity 
november 2017 by asterisk2a
Philip Hammond raises further doubts about May's future as Tory leader | Politics | The Guardian
The Sunday Times reported at the weekend that Hammond, Boris Johnson, David Davis and Amber Rudd were involved in feverish plotting to replace May immediately after her snap election gamble in June failed to deliver the promised Tory majority.

When asked repeatedly whether he believed May should lead the party into the next election, Hammond insisted the issue was separate from the immediate question of leading the UK through the Brexit talks.
Brexit  Theresa  May  GE2017  Philip  Hammond  David  Davis  Amber  Rudd  Boris  Johnson  Tories  nasty  party  Conservative 
september 2017 by asterisk2a
Revealed: How Theresa May aides seized control of Tory election campaign | London Evening Standard
Shortly before the general election was called, Sir Lynton Crosby sat down to write a highly confidential memo for Theresa May’s inner circle. It boiled down to a simple piece of advice: “Don’t do it.” = Theresa Mays own misjudgement of the advice from her closest advisers (duo fiona hill and timothy) put her into peril.
GE2017  Brexit  Tories  Conservative  Party  nasty  nastyparty  Theresa  May  TheresaMay  David  Davis  Philip  Hammond  Lynton  Crosby 
june 2017 by asterisk2a
New wave of free schools planned despite secondary staff cuts | Education | The Guardian
Justine Greening, the education secretary, is to announce the opening of a further 111 free schools in England as critics say existing schools face funding crisis
education  policy  UK  Austerity  Free  Schools  Academy  poverty  trap  social  mobility  Tories  Conservative  Party  nasty  JAM  Theresa  May  Philip  Hammond  Brexit 
april 2017 by asterisk2a
School budget squeeze 'is reducing pupils' subject choice' - BBC News
The English Baccalaureate or EBacc was brought in by the coalition government in 2010 for pupils achieving at least a GCSE C grade in English, maths, the sciences, a language and geography or history.
The percentages of pupils entering and achieving this standard are among measures used by government to determine a school's performance.
The poll suggests pupils' options are being narrowed throughout the secondary curriculum.
education  policy  Austerity  JAM  Theresa  May  nasty  party  Conservative  skills  gap  foreign  language  culture  Brexit  Global  Britain  Philip  Hammond  Privatisation  Academy  Free  Schools  PFI  Council  gini  coefficient  poverty  trap  social  income  mobility 
april 2017 by asterisk2a
School funding cuts to hit poorer areas harder, says Labour | Education | The Guardian
[ Global Britain cutting school funding. Decisions have to be made by head teachers. What to cut. Start with Foreign Languages and Culture. Followed by asking parents to clean school in evening and buy toiletpaper. ] The research calculated that a combination of the new funding method, reduced local authority spending on schools and inflationary pressures, would lead to about half of all schools facing a reduction in per-pupil spending of between 6% and 11% by 2019-20.
UK  Brexit  Tories  Austerity  nasty  party  Conservative  Culture  Language  social  mobility  income  gini  Coefficient  Theresa  May  JAM  Philip  Hammond  DWP  Council  Academy  Privatisation  Free  School  poverty  trap  Precariat  working  poor  inequality 
april 2017 by asterisk2a
This benefit cut will make youngsters homeless. It’s another Tory failure | John Healey | Opinion | The Guardian
When homeless charities are speaking out, but ministers refuse to listen, people will rightly ask – what is the government hiding? And why is a prime minister who claims she wants a “country that works for everyone” putting thousands of young people at risk?
homeless  homelessness  child  care  Tories  Austerity  Council  nasty  party  Conservative  DWP  Generationengerechtigkeit  JAM  Theresa  May  Philip  Hammond  drugs  crime  PR 
april 2017 by asterisk2a
Osborne’s huge tax giveaway starts for rich – as the poor are hit | Politics | The Guardian
The richest will reap 80% of the rewards from the tax and benefit changes that start to come into effect this week, while the poorest will become worse off, according to detailed analysis by the Resolution Foundation.

The independent thinktank’s research shows that the effect of £2bn of income tax cuts and more than £1bn of welfare cuts will add up to a huge transfer of wealth from low- and middle-income households to richer ones.
JAM  UK  inequality  George  Osborne  Theresa  May  David  Cameron  Tories  Conservative  Party  nasty  gini  Coefficient  budget  Philip  Hammond  DWP  Universal  Credit 
april 2017 by asterisk2a
Brexit 'clears way' for German domination claims Heseltine - BBC News
The UK is handing control of Europe's destiny to Germany by leaving the EU, Lord Heseltine has claimed.
The Tory peer, sacked as a government adviser after defying the whip over Brexit, said the Germans had lost World War Two but the UK was now giving them the "opportunity to win the peace".
"I find that quite unacceptable," he told the House Magazine.
UKIP said the comments showed Lord Heseltine was "utterly out of touch with the modern world".
"If I was German I would be deeply offended," a UKIP spokesman told the BBC [...] "If anyone is listening, I will continue to play a role in trying to avert what I perceive to be a disaster of British self-interest," he was quoted as saying.
Brexit  Germany  UK  European  Union  Theresa  May  Tories  Conservative  Party  nasty  JAM  Austerity  Philip  Hammond 
march 2017 by asterisk2a
About 1,000 schools in England 'at risk of cuts well in to next decade' | Education | The Guardian
Institute for Fiscal Studies finds national funding formula proposed by government could leave some with extra cuts of 7%
UK  education  policy  Manifesto  Tories  Conservative  Party  nasty  Theresa  May  George  Osborne  David  Cameron  Philip  Hammond  Brexit  Austerity 
march 2017 by asterisk2a
BBC's Brexit coverage pessimistic and skewed, say MPs - BBC News
[ there is no backbench in Parliament and Lords, there is no opposition in parliament and lords, and then the parliament attacks the media ] A group of 72 MPs have written to the BBC accusing it of being pessimistic and skewed in its Brexit coverage - in the months since the vote on the EU.
In a letter to director general Tony Hall, they said the BBC is "unfairly representing" Leave voters by focusing on those who regret their decision.
The MPs warned the future of the BBC "will be in doubt" if it is not seen as a impartial broker.
Lord Hall said impartiality was the "cornerstone" of BBC News.
BBC  Brexit  Tories  Conservative  Party  nasty  far-right  right-wing  alt-right  Nationalism  Populism  Theresa  May  Philip  Hammond  The  Guardian  Labour  Jeremy  Corbyn  WTO 
march 2017 by asterisk2a
Tory education cuts: Conservative MPs demand funding policy reverse - YouTube
budget cuts in real terms // Global Britain schools cutting education, culture, arts, foreign modern languages, // add NHS // Prison // Police // adult social care/elderly care //
UK  education  policy  Austerity  social  mobility  teaching  assistant  staff  shortage  Tories  nasty  party  Conservative  JAM  Theresa  May  Philip  Hammond  poverty  trap  income  skills  gap  Brexit  deprivation  attainment  Council  diversity  inflation  squeezed  gini  Coefficient  BAME  working  poor  Precariat  NHS  care  elderly  adult  Crisis 
march 2017 by asterisk2a
Aberdeen wrestles with hard choices as independence looms again | Business | The Guardian
“Compare the urgency with which ministers dealt with the steel crisis, or the haste with which Greg Clark went to France to discuss the future of Vauxhall, and compare that with the utter complacency in supporting our oil and gas industry,” he says. [...] That’s a blow to Holyrood, which is struggling with a budget deficit nearing 10% before Nicola Sturgeon even thinks about the implications of leaving the UK. Such is the decline in oil revenues that whisky is now the country’s biggest export, pushing professional services – much of them linked to Edinburgh’s finance industry – into second place; oil is third and mining and quarrying fourth. [...] There is the prospect of European Union membership after Brexit, but that will be blocked for as long as Scotland’s budget deficit is above 3%. So even if the Spanish, concerned about a good deal for Scotland encouraging Catalonia to split, agree to swap the UK for Scotland, it could be years before the EU27 becomes 28 again.
Aberdeen  UK  Scotland  Holyrood  Westminster  Whitehall  Brexit  Theresa  May  indyref2  Philip  Hammond  Nicola  Sturgeon 
march 2017 by asterisk2a
Record numbers of EU nurses quit NHS | Society | The Guardian
The number of EU nationals registering as nurses in England has dropped by 92% since the Brexit referendum in June, and a record number are quitting the NHS, it can be revealed. [...] The haemorrhaging of foreign staff is being blamed by the Royal College of Nursing (RCN) on the failure of the government to provide EU nationals in the UK with any security about their future. May has claimed that Britain cannot act unilaterally to guarantee residency as it would weaken her hand in the coming article 50 negotiations over Brexit.

Janet Davies, chief executive and general secretary of the RCN, said the government’s tactic was backfiring, and now threatened the sustainability of the health service.
NHS  Nurses  staff  locum  shortage  Bursaries  Privatisation  Austerity  Theresa  May  Jeremy  Hunt  Brexit  EEA  George  Osborne  David  Cameron  Philip  Hammond 
march 2017 by asterisk2a
Here's Why A Slowdown In Earnings For The Top 1% Is A Problem For The UK - BuzzFeed News
“Fifteen years without a pay rise,” IFS director Paul Johnson said. “I’m rather lost for superlatives. This is completely unprecedented.” [...] If the top earners make less, the government brings in less tax revenue; it’s as simple as that. And with Brexit looming, the exchequer needs to raise all the funds it can.
UK  Budget  wage  growth  Austerity  living  standard  income  social  mobility  productivity  output  gap  Philip  Hammond  Theresa  May  George  Osborne  secular  stagnation  inflation  discretionary  disposable  credit  card  creditcard  household  debt  Consumer  Consumerism  consumerist  materialism  Brexit  London  1%  10%  NIC  welfare  state  underinvestment  gini  Coefficient  Tories  nasty  party  Conservative 
march 2017 by asterisk2a
National Insurance rise 'fair', says PM - BBC News
http://www.bbc.co.uk/news/business-39225522 - She said the decision "was taken in the context of a rapidly changing labour market in which the number of people in self employment is rising rapidly".
The shift towards self employment was "eroding the tax base", she argued.
"Is it fair? I think it is fair to close the gap in contributions between two people doing the same work and using the same public services to make the same contribution to wider society."
'We should apologise'
She said, with other NI changes, "this is a change that leaves lower paid self-employed workers better off" and .
Ministers say those earning £16,250 or less will see their NI contributions fall.
Tories  Budget  welfare  state  Pension  NIC  NI  National  Insurance  Conservative  Party  Self-Employment  gig  economy  1099  adult  social  care  elderly  NHS  DWP  HMRC  Contractor  zero  hour  contract  Theresa  May  Philip  Hammond  Uber  Platform  Capitalism 
march 2017 by asterisk2a
Budget 2017: Asset sales to thank for UK's figures? - BBC News
'we are not paying our way in the world' -- highlight the cheat the Tories are. 1 sale of national assets to lower debt. still horrible trade balance deficit now w even weaker pound. And not mentioned the recovery supported greatly by household debt bubble and mortgage party. GDP per capita, wage growth v inflation, living standard, current account deficit, underinvestment/austerity in edu and health (see imf paper), ... UK becoming a basket case.
Budget  Tories  Conservative  PFI  Assets  George  Osborne  Theresa  May  Manufacturing  underinvestment  Philip  Hammond  London  Services  nasty  party  ZIRP  NIRP  QE  household  debt  consumer  credit  card  creditcard  mortgage  housing  bubble  Productivity  output  gap  skills  STEM  education  policy  Austerity  current  account  deficit  GFC  bank  bailout  GDP  per  capita  IMF  technological  unemployment  David  Cameron  social  mobility  income  wage  growth  downward  gini  Coefficient  child  poverty 
march 2017 by asterisk2a
Budget 2017: £2bn for social care and tax rise for self-employed - BBC News
http://www.bbc.co.uk/news/business-39114211 http://www.bbc.co.uk/news/uk-politics-39214295 debt going down bc of state asset sales !!! lol like reverse PFI ! http://www.bbc.co.uk/news/uk-politics-39203784 Philip Hammon tip-toeing around the issue of self-employment disparieties and exploitation. Damaging welfare state. While at the same time going through w corp tax cut from Osborne, as well as inheritance tax cut, capital gains, banks, ... also tip-toing around the business rate increase w a temporary relieve to the discretion of each council (call that a admin & beaurocracy catastrophe and prone to abuse, why give relive fund money to one and not the other?) & nothing for NHS. And still going ahead with Triple Lock Pension and no housing benefit for young. And still going ahead w cut in real terms of edu budgets. And still going ahead w no parity in mental health RE DWP ESA limit not funding mental health conditions.
HMRC  Philip  Hammond  Theresa  May  Tories  Conservative  Party  nasty  budget  Brexit  NHS  National  Insurance  NI  adult  social  care  elderly  self-employment  tax  evasion  avoidance  Council  Austerity  ageing  population  demographic  bubble  chronic  sick  health  demand  Generationengerechtigkeit  Triple  Lock  Pension  Trickle-down  Housing  Benefit  Crisis  education  policy  IMF  homelessness  homeless  inequality  technological  unemployment  mobility  welfare  state  child  poverty  downward  income  trap  gini  Coefficient  Disabled  JAM  DWP  JSA  ESA  working  poor  squeezed  middle  class  Precariat  zero  hour  contract  part-time  PFI 
march 2017 by asterisk2a
'Parents have been asked to help clean': how budget cuts are affecting schools | Education | The Guardian
Schools in England face a squeeze in funding. We asked how it was impacting on your school – here are the responses we got [...] We can no longer afford books, pencils or computers. [...] The cuts are stopping me doing my job. They are stopping the students from learning. In a time when we should be looking to develop engaging lessons which teach students valuable life skills, I am using 20-year-old textbooks and the kids are copying information from it. It is depressing. I know what a modern curriculum should look like, I know the lessons I would like to teach. I do not have the resources to do it. Eventually this will encourage me to leave. &! https://www.theguardian.com/education/2017/mar/07/headteachers-write-to-parents-over-school-funding-and-job-cuts
UK  Brexit  Austerity  education  policy  IMF  Tories  Conservative  Party  nasty  underinvestment  NHS  grammar  schools  free  Philip  Hammond  JAM  social  mobility  inequality  poverty  trap  Theresa  May  income  attainment  gap  child  childhood  children  taxation  Generationengerechtigkeit  Triple  Lock  Pension  Privatisation  Academy  PISA  tax  evasion  avoidance  welfare  state  downward 
march 2017 by asterisk2a
Rethink rates now or face retail disaster, shops tell chancellor | Business | The Guardian
https://www.theguardian.com/business/2017/mar/07/food-inflation-doubles-uk-shoppers-feel-pinch [ are there sensible consumers out there, and wait out the next 2 years?!!! reality of Brexit should be by now, has to be digested by consumer, as always the lag indicator of most. FDI and business investement is first, and was first to scale back! ] A report from the British Retail Consortium and KPMG found that the spurt in consumer spending seen in the run-up to Christmas had come to an abrupt halt, with the result that non-food sales are falling for the first time since the economy was flirting with a double-dip recession in November 2011.

Further evidence that consumers are becoming more cautious was provided by the the Society of Motor Manufacturers and Traders, which released figures on Monday showing a drop of more than 4% in private car sales last month.
inflation  Brexit  household  debt  Consumerism  Consumer  credit  card  creditcard  private  discretionary  spending  disposable  income  uncertainty  UK  underinvestment  Austerity  Tories  nasty  party  Conservative  BOE  Mark  Carney  Theresa  May  Philip  Hammond 
march 2017 by asterisk2a
Head teachers take school funding anxieties to Twitter - BBC News
Head teachers and their staff have taken to Twitter to highlight what may have to be axed in schools in England because of budget cuts.
There have been more than 27,000 tweets using the hashtag #whatwouldyoucut since the campaign against the cuts started on Sunday.
The government insists school investment is at a record £40bn.
But the Association of School and College Leaders said this was only because pupil numbers are rising.
It argued that head teachers are having to make tough decisions about which services to cut.
The tweets included photographs of science experiments, school trips, sporting activities and performing arts events.
UK  Austerity  IMF  skills  gap  productivity  output  education  policy  Tories  nasty  party  Conservative  PISA  technological  unemployment  underemployed  underinvestment  underemployment  social  mobility  income  gini  Coefficient  poverty  trap  working  poor  child  taxcredit  tax  credit  neoliberalism  crony  capitalism  bank  bailout  taxation  Theresa  May  JAM  inequality  BAME  discrimination  competitiveness  competitive  Philip  Hammond 
march 2017 by asterisk2a
Budget 2017: Hammond to tell us the Brexit vote could have been worse | Business | The Guardian
consumers carried on spending and businesses continued to expand.

The picture for the public finances is also looking rosier compared with Hammond’s maiden autumn statement in November. [...] But here’s what the chancellor will not tell you: living costs have gone up and will continue to do so. The poorest will be hit hardest as the cost of essentials such as food and heating take a growing chunk out of already tight family budgets. Wages will struggle to match rises in inflation and the government’s benefit cuts mean that incomes will fall for the poorest people in Britain. In short, unless the government does something significant to improve living standards this week, inequality will start rising again.
UK  JAM  working  poor  squeezed  middle  class  Precariat  Theresa  May  Philip  Hammond  Austerity  DWP  HMRC  inflation  wage  growth  social  mobility  inequality  income  Tories  Productivity  child  poverty  trap  output  gap  recovery  GFC  bank  bailout  nasty  party  Conservative  Generationengerechtigkeit  babyboomers  Millennials  generation  rent  living  standard  discretionary  spending  disposable  credit  taxation  household  debt  mortgage  housing  crisis  Consumer  Consumerism  economic  history  neoliberalism  interventionism  crony  capitalism  tax  evasion  avoidance  corporatism  Exploitation  zero  hour  contract  part-time  minimum  generational  divide  Triple  Lock  Pension 
march 2017 by asterisk2a
Homelessness expected to rise further as Government scraps housing benefit for young people | The Independent
cutting benefits will push up payments and cost of homelessness, destitution, drug abuse, crime, etc. - http://www.independent.co.uk/voices/housing-benefit-under-22-young-people-cut-theresa-may-save-money-ideological-cruel-a7612321.html?cmpid=facebook-post - Getting rid of housing benefit for 18 to 21-year-olds won't even save us that much money – it's ideological cruelty
When just 11,000 people will be affected (small fry in financial terms), it’s hard to escape the conclusion that the goal isn’t really to help people at all, but to punish them
JAM  UK  DWP  Austerity  Housing  Benefit  Council  Tories  generation  rent  nasty  party  Conservative  Disabled  ESA  destitution  JSA  sanctions  social  mobility  poverty  trap  Food  Bank  income  education  policy  Theresa  May  Philip  Hammond  Iain  Duncan  Smith  minimum  wage  living  standard  growth  child  working  poor  squeezed  middle  class  Precariat  Gini  Coefficient  CEO  pay  tax  evasion  avoidance  corporation  corporatism  bailout  crony  capitalism  neoliberalism  Damian  Green  Germany  Rentnerrepublik  babyboomers  inequality  Generationengerechtigkeit  generational  divide 
march 2017 by asterisk2a
STEVE KEEN on Private Debt - YouTube
the trick is up for tory austerity soon, when the private debt/household debt bubble bursts. and or the uk economy comes to a standstill. /// London has driven out the real wealth creators - https://www.youtube.com/watch?v=Dyk1t4wEDAE - democracy by houses, bc renters have no rights, &! Money , banks, debt seems not to matter in status quo economics - Prof Steve Keen on Parasitic Banking Sector London School of Economics - https://youtu.be/Kh99jEE18KY GFC recovery is not recovery it is Japanese style stagnation! ex imigration¬!
UK  London  Margaret  Thatcher  private  debt  Consumer  household  mortgage  GFC  recovery  Brexit  discretionary  spending  disposable  income  reflate  reflation  ZIRP  NIRP  QE  Austerity  service  sector  working  poor  squeezed  middle  class  leverage  economic  history  living  standard  wage  growth  mobility  social  inequality  Gini  Coefficient  tax  evasion  avoidance  HMRC  payday  loan  trickle-down  Tories  nasty  party  Conservative  George  Osborne  David  Cameron  JAM  Theresa  May  Philip  Hammond  IMF  OECD  neoliberalism  crony  capitalism  Exploitation  corporatism  Consumerism  materialism  GDP  underinvestment  ROI  BOE  Mark  Carney  Steve  Keen  book 
march 2017 by asterisk2a
Tory spending pledges on police, education and childcare 'at risk' | Politics | The Guardian
[ after 7 years of austerity, no end in sight, debt keeps climbing, no to little investment, ... now you have to break promises from 2010 that there are protected budgets, ... to meet your fucking debt reduction promise ] Conservative promises to protect spending on police, sixth form education and childcare are at risk as Philip Hammond demands £3.5bn in new cuts from his cabinet colleagues, according to an analysis by the IPPR thinktank. The IPPR believes the government will not be able to hit its savings target, even allowing for proposed budget cuts, at the same time as meeting spending promises made by George Osborne when he was chancellor. [...] when the Treasury announced a new new drive for “efficiency savings” earlier this week, the only spending commitments that were reaffirmed were Conservative manifesto pledges to protect the core schools budgets and the NHS; and a subsequent promise to meet the Nato target of spending 2% of GDP on defence. [...] “the police budget could now face a further £250 to £500m in cuts that the public were not aware of”. [ LOTS OF UNINTENDED CONSQUENCES ABOUND, YOU SAVED HERE, BUT COSTS CREATED THERE, KNOCK ON EFFECTS! SHORT AND LONG-TERM! ie skills and social mobility, meaning less taxable income in the future bc stagnant wages & living standards, then you still try meet you debt reduction targets and you start cutting off fingers, hands, foot, ... ]
Brexit  Austerity  UK  George  Osborne  Philip  Hammond  David  Cameron  Theresa  May  IMF  underinvestment  Productivity  economic  history  GFC  bank  bailout  recovery  ZIRP  NIRP  QE  NHS  education  policy  NATO  Police  Council  elderly  care  adult  social  Prison  homelessness  homeless  poverty  drug  abuse  self-medication  coping  mechanism 
march 2017 by asterisk2a
IFS: Growth in UK living standards worst in 60 years | Business | The Guardian
The Institute for Financial Studies is predicting that households will be almost 20% worse off by 2021 - IFS calculations show that average household incomes will be 18% lower in 2021-22 than could have been reasonably expected before the financial crisis in 2007-08 - “One of the biggest drivers of the rise in child poverty is policy choices, which is why it is essential that the prime minister and chancellor use the upcoming budget to put in place measures to stop this happening. An excellent start would be to ensure families can keep more of their earnings under the universal credit.”
IMF  UK  Austerity  OECD  living  standard  George  Osborne  David  Cameron  Philip  Hammond  Theresa  May  GFC  recovery  Tories  nasty  party  bank  bailout  Labour  Ed  Miliband  Jeremy  Corbyn  Conservative  secular  stagnation  disposable  income  discretionary  spending  household  debt  credit  card  mortgage  private  Consumer  Consumerism  wage  growth  inflation  mobility  inequality  gini  Coefficient  poverty  trap  working  poor  gig  economy  zero  hour  contract  Self-Employment  part-time  Precariat  squeezed  middle  class  technological  unemployment  ZIRP  NIRP  QE  trickle-down  neoliberalism  crony  Capitalism  corporatism  tax  evasion  avoidance  GDP  Corporate  profit  maximisation  globalisation  globalization  welfare  underinvestment  child  taxation  taxcredit  UC  DWP  JSA  social  fuel  Brexit  neoconservatism  neoconservatives  JAM 
march 2017 by asterisk2a
Government looks for new spending cuts of up to 6% - BBC News
[ fallacy of Austerity, just Austerity to balance the budget, living off the body, no investment (ROI) to balance future butget by increased tax income. debt does not come down, bc the economy stupid. and imf has backtracked its austerity advice, and latest from imf - investment in health and edu grows economy, got an ROI! ] The Institute for Fiscal Studies has said meeting this target by 2025 would require up to £34bn in further spending cuts and tax rises. &! http://www.bbc.co.uk/news/business-38894023 - To meet his target of eliminating the deficit during the next parliament, which is from 2020 to 2025, Mr Hammond will probably have to find a further £34bn in tax rises and spending cuts, extending austerity.
The report said £17bn of tax rises could be needed to contribute to closing the gap for government between outgoings and income.
UK  Austerity  NHS  STP  rationing  education  policy  Tories  nasty  party  Conservative  Theresa  May  Philip  Hammond  George  Osborne  fiscal  ROI  underinvestment  working  poor  Precariat  self-employment  gig  economy  squeezed  middle  class  Productivity  output  gap  GFC  recovery  bank  bailout  technological  unemployment  zero  hour  contract  DWP  HMRC  tax  evasion  avoidance  public  health  2020 
february 2017 by asterisk2a
Hospitals could join prisons in cycle of 'crisis, cash, repeat', says report | Society | The Guardian
The government’s austerity programme of delivering good services while cutting spending “ran out of steam” in 2015, according to an analysis of official figures. Both organisations are urging the chancellor to ensure any measures in the budget have sound evidence behind them.
UK  NHS  Austerity  STP  Privatisation  Prison  Social  Care  adult  elderly  rationing  Council  Tories  nasty  party  Conservative  Jeremy  Hunt  Simon  Stevens  David  Cameron  Theresa  May  Philip  Hammond  mental  health  public  GP  A&E  Nurse  Bursaries  Junior  Doctor 
february 2017 by asterisk2a
Frail, elderly people 'left to struggle alone' - BBC News
Hundreds of thousands of vulnerable older people struggle to get by with little or no care because of cuts to care in England, a charity says. [...] And the charity warned that the whole system was close to collapse in some areas with services closing.
It comes after the government said it was looking to solve the problems.
Last week, Health Secretary Jeremy Hunt pledged action on social care, which covers care homes and help in the home.
That has prompted a growing expectation that a rescue package will be announced in the Budget in early March.
NHS  Council  Austerity  elderly  care  adult  social  Jeremy  Hunt  Simon  Stevens  STP  Philip  Hammond  David  Cameron  George  Osborne  Theresa  May  Privatisation  ageing  population  sick  chronic  complex  demographic  bubble 
february 2017 by asterisk2a
Chancellor is an 'economic illiterate', claims pro-Brexit economist | Politics | The Guardian
[ Hard Brexit, out of single market ] Patrick Minford, an economics professor at Cardiff University, said Hammond and other politicians risked setting the UK on a course of serious self harm if they pushed for a trade deal with the EU that put customs charges on goods and services imported to the country.
Brexit  Theresa  May  Philip  Hammond  Tories  nasty  party  Conservative  economic  recovery  history  GFC  inflation  living  standard  competitiveness  competitive  wage  growth  income  stagnation  secular  UK  George  Osborne  David  Cameron  working  poor  Precariat  Poverty  trap  discretionary  spending  disposable 
february 2017 by asterisk2a
Booming gig economy costs £4bn in lost tax and benefit payouts, says TUC | Business | The Guardian
Study shows low-paid self-employment and zero-hours contracts costing exchequer £75m a week – a quarter of England’s weekly social care budget [...] Their relatively low earnings also make them more likely to need to rely on in-work benefits such as tax credits and housing benefit, the TUC said. [...] “The huge rise in insecure work isn’t just bad for workers. It’s punching a massive hole in the public finances too,” said TUC general secretary Frances O’Grady.
HMRC  Treasury  Whitehall  Westminster  Lobby  Consultant  zero  hour  contract  Self-Employment  gig  economy  welfare  state  Governance  Government  Precariat  working  poor  Poverty  part-time  minimum  wage  minimumwage  mindestlohn  Zeitarbeit  Leiharbeit  LHA  DWP  George  Osborne  Philip  Hammond  Iain  Duncan  Smith  housing  benefit  tax  credit  child  taxcredit  Austerity  secular  stagnation  crony  capitalism  bailout  corporatism  neoliberalism  exploitation  profit  maximisation 
february 2017 by asterisk2a
A hard Brexit will be even harder because of Treasury failings | David Walker | Public Leaders Network | The Guardian
[ Brexit to be costly for Westminster and Whitehall bc have to hire lots of consultants, all the expertise to neg trade deals was put to Europe. ] Lord Kerslake’s damning report exposes the yawning skills gap at the heart of government – just when we need to manage Brexit &! https://www.theguardian.com/politics/2017/feb/12/osborne-project-fear-forecasts-weakened-treasury--kerslake
Brexit  Whitehall  Westminster  Productivity  outsourcing  Privatisation  Philip  Hammond  George  Osborne  Austerity  Governance  Government 
february 2017 by asterisk2a
Hunt not in the mood to make excuses - BBC News
https://www.politicshome.com/news/uk/health-and-care/nhs/news/83280/nhs-storm-rife-another-mid-staffs-scandal All roads for a move on social care now lead to the Budget on 8 March. Rumours that the Chancellor, Philip Hammond, will announce a new financial package on social care have been rife in Whitehall.
The sudden scrapping of Surrey County Council's referendum on a 15% council tax rise fuelled suspicions that its leader had been quietly tipped off about an impending announcement on social care funding.
NHS  social  care  elderly  adult  STP  Austerity  rationing  Jeremy  Hunt  Privatisation  Tories  Conservative  Party  nasty  PR  spin  Theresa  May  George  Osborne  David  Cameron  A&E  GP  Philip  Hammond  budget  health  demand  sick  population  chronic  complex  ageing  demographic  bubble 
february 2017 by asterisk2a
Brex and the City – Brexit podcast | Politics | The Guardian
BREXIT SENDS SIGNAL YOU ARE NOT WELCOME. // Financial Services 70bn for Treasury (Philip Hammond), not including the english law services, (international) consulting, and all the contractors, shops, consumption coming from good salaries. London is biggest exporter, if ther would be no London, trade deficit £ would be twice as big. // http://www.bankofengland.co.uk/pra/Pages/authorisations/passporting/default.aspx
Brexit  London  Philip  Hammond  current  account  deficit  trade  banking  financial  services  passporting  rights  BOE  FSA  regulation  self-regulation  GFC  economic  history  FDI  underinvestment  regulators  bank  bailout 
february 2017 by asterisk2a
UK faces return to inequality of Thatcher years, says report | Business | The Guardian
Pressure on the government to help struggling Britons has intensified after a leading thinktank warned that falling living standards for the poor threatened the biggest rise in inequality since Margaret Thatcher was prime minister.

The Resolution Foundation said Theresa May would need to make good on her pledge to support “just about managing” households as it released a report showing that rising inflation and an end to recent strong jobs growth would hit the least well-off hardest.
UK  Brexit  Austerity  tax  credit  Tories  JAM  nasty  party  Conservative  poverty  fuel  working  poor  Precariat  zero  hour  contract  Contractor  Self-Employment  gig  Economy  1099  part-time  social  mobility  income  distribution  redistribution  squeezed  middle  class  technological  unemployment  underemployed  underemployment  trap  education  policy  public  health  inequality  Food  Bank  gini  Coefficient  Triple  Lock  Pension  JSA  ESA  DWP  minimum  wage  taxation  evasion  avoidance  HMRC  NHS  inflation  living  standard  disposable  discretionary  spending  Card  consumer  debt  household  underinvestment  skills  skill-biased  Productivity  output  gap  downward  upward  Theresa  May  George  Osborne  David  Cameron  Philip  Hammond 
february 2017 by asterisk2a
Wolfgang Schäuble: "Großbritannien ist nicht mit den Cayman Islands zu vergleichen" - SPIEGEL ONLINE
"Aber wenn ein großes Land glaubt, es könne die Vorteile eines kleinen Landes haben, das geht schief", sagte der Minister. Es gebe ein weltweites Interesse daran, dass Steueroasen nicht zu sehr zulasten anderer Länder gingen, sagte der Minister. Das sei unfair. "Und das wird sich der Rest der Welt auch nicht bieten lassen."
Brexit  tax  evasion  avoidance  business  rate  corporate  taxation  welfare  UK  Theresa  May  Philip  Hammond  nasty  party  Tories  Conservative  Austerity  EU  HMRC 
january 2017 by asterisk2a
It is clear to anyone in the NHS that we cannot carry on as we are | Bob Kerslake | Opinion | The Guardian
The reasons for our current predicament are well understood. This is a “crisis” that was not only predictable but was predicted. The hard bit here is not knowing what to do, but having the will to do it. First and foremost of the issues we need to tackle is funding. The NHS is not a “bottomless pit” as some have suggested, but increasing demand and continuing advances in healthcare mean that it needs additional funding year on year of around 4% above inflation. Whenever it has not had this for any sustained period of time, it has run into trouble. [...] The debate on funding is not just a matter for the government or the NHS. As a country we need to make some hard choices. We can help ourselves by being fitter and more active, but in the end – if we want the security of having the best health and care services available to us – we will have to pay for them. A cross-party health and care commission could begin that debate with the public.
NHS  crisis  funding  taxation  Sugar  Tax  public  health  Simon  Stevens  Jeremy  Hunt  Philip  Hammond  Theresa  May 
january 2017 by asterisk2a
NHS in crisis as cancer operations cancelled due to lack of beds | Society | The Guardian
Kerslake says that increasing demand and advances in healthcare mean the NHS needs additional funding year on year of around 4% above inflation to maintain service levels. According to calculations by Professor John Appleby, chief economist at the Nuffield Trust health thinktank, this would mean the NHS receiving £5bn more in real terms next year. Its budget would then be £128.6bn. [...] A more sustainable approach to funding our health and social care services is urgently needed.”
NHS  cancer  CVD  A&E  adult  social  care  elderly  austerity  Theresa  May  Philip  Hammond  Jeremy  Hunt  Simon  Stevens  spin  doctor  taxation  funding  Crisis 
january 2017 by asterisk2a
Netherlands 'will block UK-EU deal without tax avoidance measures' | Politics | The Guardian
The Netherlands will block any EU trade deal with the UK unless it signs up to tough tax avoidance regulations preventing it from becoming an attractive offshore haven for multinationals and the rich, the deputy prime minister of the country has said.
Brexit  UK  offshore  tax  evasion  avoidance  HMRC  European  Union  taxation  George  Osborne  David  Cameron  Theresa  May  Philip  Hammond  Austerity  Tories  Conservative  Party  nondom  nasty  Ireland 
january 2017 by asterisk2a
NHS 'will fail' this winter without cash injection, doctors tell Theresa May | Society | The Guardian
Leaders of 33,000 doctors urge PM to recognise that hospitals are ‘paralysed’ by soaring demand and warn of staff exodus [...] In a letter to May, the Royal College of Physicians (RCP) and a host of senior doctors told her that the NHS is trying to tackle so many problems with such limited resources that it is in danger of not being able to do its job of caring for patients. [...] >>> under pressure like never before in its 69-year history [...] investment levels are not sufficient to meet current or future patient needs. <<< [...] May has told Simon Stevens, the chief executive of NHS England, that the service will not get any extra money and that he should concentrate on making major efficiency savings. ///&! Nurses also chime in w warning - http://www.bbc.co.uk/news/health-38570177
NHS  Crisis  adult  social  care  elderly  ageing  population  A&E  GP  sick  babyboomers  Demographic  bubble  Austerity  Jeremy  Hunt  Theresa  May  Philip  Hammond  health  demand 
january 2017 by asterisk2a
Independent research exposes Tory schools funding lie - YouTube
hidden cuts to education. shrinking real terms bc of inflation. some schools consider running either even bigger classes +30 or 4 day school week. // schools budget overall protected, but not from inflation.
UK  Austerity  education  policy  Ofsted  JAM  post  code  lottery  Tories  spin  doctor  poverty  trap  working  poor  Precariat  youth  unemployment  technological  social  mobility  income  downward  Gini  Coefficient  nasty  party  Conservative  Philip  Hammond  Theresa  May 
january 2017 by asterisk2a
Why the Tories’ so-called free childcare will punish children and families | Neil Leitch | Opinion | The Guardian
the closer we get to the September 2017 rollout of the extended offer, the clearer it becomes that this policy has been rushed through, is ill thought out, and crucially, is massively underfunded.
childcare  UK  gender  pay  gap  gender-based  discrimination  inequality  Austerity  social  mobility  income  Tories  Conservative  Party  Nasty  Philip  Hammond  George  Osborne  Theresa  May  David  Cameron  JAM 
december 2016 by asterisk2a
Cameron defends decision to call Brexit referendum - BBC News
[ Still not for redistribution ] And he urged leaders across the West to take steps to help those who felt left behind by globalisation.
Tories  Conservative  Party  nasty  David  Cameron  George  Osborne  Austerity  Theresa  Philip  Hammond  inequality  wage  growth  social  mobility  gini  coefficient  Brexit  globalisation  tax  evasion  avoidance  liberal  economic  reform  zero  hour  contract  history 
december 2016 by asterisk2a
Huge rise in hospital beds in England taken up by people with malnutrition | Society | The Guardian
Critics blame three-fold rise on poverty, cutbacks to meals on wheels services for the elderly and inadequate social care [...] Critics have said the upward trend is a result of rising poverty, deep cutbacks in recent years to meals on wheels services for the elderly and inadequate social care support, especially for older people.
NHS  England  Crisis  Austerity  triple  lock  pension  elderly  care  adult  social  Council  bed  blocking  food  poverty  bank  UK  Tories  Conservative  Party  nasty  George  Osborne  David  Cameron  Jeremy  Hunt  Simon  Stevens  Philip  Hammond  Theresa  May 
november 2016 by asterisk2a
Jeremy Corbyn suggests 9.5 million could be denied access to NHS under proposal to force patients to show passports | The Independent
Ms May, appearing in the Commons ahead of the Autumn Statement, added:  "We can only afford to pay for the National Health Service and social care if we have a strong economy creating wealth - and that's precisely what you're going to hear from the Chancellor of the Exchequer in a few minutes' time." //&! http://www.dailymail.co.uk/wires/pa/article-3964726/Corbyn-hits-May-distracting-impractical-NHS-proposals.html//&! nothing in Autumn Statement 2016 to alleviate elderly adult social care and NHS deficit - https://www.theguardian.com/uk-news/2016/nov/24/andrew-lansley-chides-chancellor-lack-of-nhs-and-social-care-funding?
NHS  Austerity  Privatisation  triple  lock  pension  ageing  population  sick  demographic  bubble  Crisis  nasty  party  health  care  demand  cancer  CVD  diabetes  Tories  Conservative  David  Cameron  George  Osborne  Theresa  May  Sugar  Tax  Philip  Hammond  meat  alcohol  tobacco 
november 2016 by asterisk2a
NHS hospitals suffer from chronic bed shortage, surgeons say | Society | The Guardian
chronic shortage of NHS hospital beds in England, after occupancy rates for overnight stays topped 89% for a fourth successive quarter. The maximum occupancy rate for ensuring patients are well looked after and not exposed to health risks is considered to be 85%, a figure that has not been achieved since NHS England began publishing statistics in 2010. [...] made for alarming reading and indicated a failure to cope with the increasing number of older patients in hospital.
NHS  Crisis  England  austerity  health  care  budget  demand  ageing  population  sick  bed  blocking  demographic  bubble  Jeremy  Hunt  Privatisation  Simon  Stevens  STP  rationing  Theresa  May  Philip  Hammond  George  Osborne  David  Cameron  nasty  party  Conservative  Tories  public  elderly  adult  social 
november 2016 by asterisk2a
NHS financial problems endemic and no longer sustainable, say auditors | Society | The Guardian
Auditors were particular alarmed by the decision to transfer £950m from the NHS’s budget for buildings and IT to pay staff’s wages. [...] Meg Hillier, the chair of the public accounts committee, said the Department of Health was making “pie in the sky assumptions” about closing that gap. [...] The bodies estimate that trusts and CCGs can make a further £14.9bn of savings by “moderating the growth in demand for healthcare services” and by making 2% productivity and efficiency improvements. [ gov lingo for RATIONING ]
NHS  Crisis  England  Austerity  health  care  demand  budget  rationing  sick  population  bed  blocking  demographic  bubble  chronic  diseases  diet  lifestyle  Jeremy  Hunt  Simon  Stevens  George  Osborne  Philip  Hammond  Public 
november 2016 by asterisk2a
Nine ex-health secretaries 'dismayed' at mental health services - BBC News
Every former health secretary from the past 20 years has voiced "alarm and dismay" at the government's failure to improve mental health services. //&! adult social care - http://www.bbc.co.uk/news/health-37992488
NHS  England  mental  health  CAMHS  Jeremy  Hunt  Simon  Stevens  austerity  George  Osborne  Philip  Hammond  care  demand  budget  sick  population  ageing  demographic  bubble  adult  social  elderly  bed  blocking 
november 2016 by asterisk2a
NHS cuts: Why they terrify people in power - BBC News
The King's Fund described clear "anxieties" among ministers and the NHS leadership about the 44 reviews of local services launched this year.
In fact, that was probably diplomatic: they're terrified of how this is all going to play out.
Hence, they have resorted to rather strong-handed techniques to keep the changes under wraps - going as far as to provide advice to local managers about how to avoid answering Freedom of Information questions.
NHS  England  STP  Jeremy  Hunt  Simon  Stevens  Crisis  Austerity  David  Cameron  George  Osborne  Theresa  May  Philip  Hammond  Public  Health  care  demand  budget  sick  population  ageing  demographic  bubble  cancer  dementia  Alzheimer  CVD  medical  advances  rationing 
november 2016 by asterisk2a
"Keiser Report" Episode 985 - YouTube
property prices have to come down. but that would put ppl in neg equity. gov keeping bubble alive. NOW gov buying up non-sold property w 2bn fund! - https://www.theguardian.com/business/2016/oct/06/government-could-buy-developers-unsold-homes-under-2bn-fund - A £2bn fund to boost housebuilding could be used by the government to offer guarantees to developers that it will step in to take on properties that they are unable to sell. - THIS IS A SMALL SCALE BAILOUT FOR FIRMS BUILDING -- SHITTY & OVERPRICED FLATS AND HOUSES!
Help  To  Save  Buy  Right  Whitehall  Westminster  property  bubble  UK  Brexit  housing  crisis  social  affordable  Theresa  May  David  Cameron  George  Osborne  Philip  Hammond  distortion  ZIRP  NIRP  QE  rentier  bailout  mortgage  BOE  subsidies  subsidizing  Corporate  welfare  crony  capitalism 
october 2016 by asterisk2a
Collapse in corporation tax receipts pushes public deficit to £10.6bn | Business | The Guardian
Suren Thiru, head of economics at the British Chambers of Commerce, said the rise in government borrowing underscored the weakness of the UK economy.

“The UK’s ability to generate tax revenue has diminished following the financial crisis, and this underlying weakness is likely to be exacerbated further if the UK economy slows as we predict,” he said, adding it was vital the chancellor offered incentives to “invest, create jobs, and support growth”.
Brexit  business  confidence  consumer  budget  UK  Philip  Hammond  Theresa  May  underinvestment  productivity  output  gap  GFC  recovery  austerity  HMRC  corporate  tax  rate  fiscal  policy  Uncertainty 
october 2016 by asterisk2a
Hammond acts to reassure City and Wall Street on Brexit | Politics | The Guardian
[LOL] “We have to recognise that part of the mood in the UK that drove the referendum decision is a mood about the pressure on wages at the lowest end, the entry-level jobs in the economy, from large-scale migration, largely from eastern Europe. We have to address that issue, that’s the clear mandate we have received from the British people.”
Theresa  May  Brexit  Philip  Hammond  Amber  Rudd 
october 2016 by asterisk2a
Iain Duncan Smith tries to sell a 2018 Brexit fantasy on Sunday Politics - YouTube
nasty party and austerity party tries to pitch itself as workers party at 2016 conservative party conference. after the squeezed middle class of england voted out of EU //&! sorry theresa, there can be no true meritocracy! - https://youtu.be/XVDUoHMf1_Y?t=14m &! Philip Hammond can't stop himself to repeat again that Labour allegedly mismanaged the economy/budget - https://youtu.be/fn2pd8UBNX4?t=38m "the is no money" note. & we inherited a recession from "Labour" & and selling low borrowing cost as own achievement. & selling itself as the true party of British "working people." & grown faster [and racked up debt (private & publich) at same time.] & "living within its means" but "pragmatic" & "high wage high skill economy" & productivity & want to see tax receipts here in Britain (tax evasion and avoidance) & will lower corp tax rate further!
working  poor  poverty  child  austerity  tax  credit  Philip  Hammond  Theresa  May  DWP  ESA  JSA  George  Osborne  middle  class  squeezed  Brexit  NHS  Crisis  David  Cameron  Iain  Duncan  Smith  budget  deficit  consumer  debt  household  wage  growth  income  inequality  Super  Rich  1%  10%  20%  Westminster  No  Representation  Career  Politicians  free 
october 2016 by asterisk2a
Philip Hammond ditches Osborne's help-to-buy homes scheme | Money | The Guardian
Philip Hammond has confirmed that the government’s help-to-buy mortgage guarantee scheme will be closed by the end of the year, another of former chancellor George Osborne’s flagships now abandoned by the Treasury.

In a letter to Bank of England governor Mark Carney, the chancellor said the scheme had a “specific purpose that has now been successfully achieved”.

Launched in late 2013, the scheme meant buyers only needed to raise 5% of the property value for a deposit, with a government guarantee on a further 15% to give mortgage lenders the incentive to loan larger amounts.
Help  To  Buy  property  bubble  UK  affordable  housing  social  George  Osborne  David  Cameron  Philip  Hammond  Theresa  May  BOE  Mark  Carney  subsidies  subsidizing  privilege  Privileged 
september 2016 by asterisk2a
Blanchard: In Short-Run, U.K. Is Going to Suffer - YouTube
>> relaxing fiscal consolidation aka austerity. //&! IMF Managing Director Christine Lagarde discusses global nationalism and isolation trends. - https://youtu.be/GG1lQIcm_so
Brexit  recession  UK  Philip  Hammond  Theresa  May  IMF  OECD 
july 2016 by asterisk2a
A hard truth for Leave voters: Brexit means big government
Britain has seen a renaissance in jobs since 2013, of that there is no doubt. But most of those extra jobs were among the self-employed or fell into categories that can only be described as insecure and low-paid. When companies finally took the plunge and advertised full-time jobs from 2014 onwards, around a third went to migrants. [...] It is this mostly older group of workers across the developed world, worried about their pay, pensions and conditions of employment, that want to slam the brakes on globalisation and reject the remedy proposed by big business: greater labour-market flexibility and only limited job protections. [ Globalisation as a great rebalancing of the world economy between the west and the rest (BRIC and co) ] [...] Only government can provide the cure, with a commitment to invest where the private sector cannot or will not go.
globalisation  globalization  squeezed  middle  class  Precariat  working  poor  job  security  job  insecurity  self-employment  neoliberal  neoliberalism  liberal  economic  reform  Agenda  2010  Zero  Hour  Contract  OECD  BRIC  USA  UK  Germany  France  economic  history  capitalism  capitalism  in  crisis  protectionism  Brexit  exploitation  crony  capitalism  tax  evasion  tax  avoidance  immigration  migration  Philip  Hammond  austerity  Workers  Union  Workers  Rights  Trade  Union  Theresa  May  Conservative  Party  nasty  Tories  budget  deficit  neoclassical  economics  Chicago  School  deflation  deflationary  aggregate  demand  aggregate  demand  short-fall  Richard  Koo  free  free  agreement  underinvestment  business  confidence  productivity  productivity  gap  productive  investment  output  output  gap  technological  unemployment  skills  economy  skills  gap  skill  gap  industrial  policy  Manufacturing 
july 2016 by asterisk2a
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